Xammie001:
now my own is can't African leader help renegotiate the loan and pay till the country is able to pay back,is it till it become worst before they do something

Darnell9:
I once saw a project nightfall video about this topic, in the video the guy was talking about china's plan to colonise the world starting from africa by giving loans to poor african countries then taking the country when they can't pay back. If i had data i would have uploaded the video it quite worth watching it ended by saying if things do not change our grandchildren will be living in the globlal republic of china showing the map of the republic.

ycat:
The small bribery won't let African leaders see the big picture.

Darnell9:
I once saw a project nightfall video about this topic, in the video the guy was talking about china's plan to colonise the world starting from africa by giving loans to poor african countries then taking the country when they can't pay back. If i had data i would have uploaded the video it quite worth watching it ended by saying if things do not change our grandchildren will be living in the globlal republic of china showing the map of the republic.

pansophist:
Propaganda.

Africa owe more debt to the West, than to China. And western debt has made the continent poorer, because it was never designed to uplift.

Conditions for loans from IMF or World Bank comes with intervening in the internal affairs of the borrowing countries. Such as austerity measures, cutting public spendings, opening up public services to privatisation


Or for political goals (eg sanction Russia and we will approve debt structuring), or that the new debt must be used to pay for the interest accrued by older debts.

Chinese debt doesn't have any of this conditions. And no single African country have defaulted on Chinese loans. China have restructured their debt to Africa closed to hundred times.

Russia for example have forgiven billions upon billions of African nation debts. Just walking the streets of African cities, you'll see Chinese themselves building and constructing. Their assistance is felt by the general population.

The so-called beacon of democracy have never done any of these. Please if you know any instances of Western countries cancelling or forgiving debts of African countries, let me know.

I refer anyone interested in this debt issue deeply to read the book by Zambian economist Dambisa Moyo titled "Dead aid". Also, check out the book titled " Confession of an economic hitman" By John Perkins.

Economic hitmen actually exist, and John Perkins was one of them. They work for the US government through the CIA. Just like a hitman kills people, economic hitmen kill economies. The West knows that it's only a matter of time, the young shall grow, so they find ways to drown targeted countries in debt, hindering their growth, and controlling their resources. Nigeria was a target, he mentioned it in his book.

So be careful when you fall for the propaganda of Western narratives, and their rats that have populated nairaland. Before you will earn the right to criticise someone, you must be innocent yourself. Be vigilant.

ParasiteWest:
The interest of the West in developing countries is to make sure the developing countries remain impoverished so the citizens of those countries would find migration to the West for 'greener pastures' attractive where they're then exploited and exposed to modern day slavery. Their intent is to keep the West as a 'paradise' in the minds of the manipulated public. The West influenced the politics of Africa directly/indirectly